LendingClub Bank, National Association
SBA 7(a) Lending Profile · FY 2024 analysis
Industry Focus
Top industries served by LendingClub Bank, National Association
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722513 | Limited-Service Restaurants | 336 | $259.2M | $771K | 11.1% |
| 722511 | Full-Service Restaurants | 240 | $360.6M | $1.5M | 7.9% |
| 713940 | Fitness and Recreational Sports Centers | 224 | $130.9M | $584K | 7.4% |
| 812990 | All Other Personal Services | 176 | $155.1M | $881K | 5.8% |
| 812199 | Other Personal Care Services | 160 | $114.7M | $717K | 5.3% |
| 624410 | Child Day Care Services | 104 | $79.5M | $764K | 3.4% |
| 611620 | Sports and Recreation Instruction | 88 | $157.0M | $1.8M | 2.9% |
| 812910 | Pet Care (except Veterinary) Services | 72 | $73.3M | $1.0M | 2.4% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 72 | $56.0M | $778K | 2.4% |
| 561720 | Janitorial Services | 48 | $64.1M | $1.3M | 1.6% |
Geographic Distribution
SBA lending activity for LendingClub Bank, National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Illinois (IL) | 464 | $894.9M | 15.3% |
| Florida (FL) | 376 | $527.0M | 12.4% |
| Texas (TX) | 416 | $355.7M | 13.8% |
| California (CA) | 232 | $212.2M | 7.7% |
| New Jersey (NJ) | 168 | $166.3M | 5.6% |
| Michigan (MI) | 104 | $127.2M | 3.4% |
| North Carolina (NC) | 136 | $126.1M | 4.5% |
| Indiana (IN) | 56 | $123.3M | 1.9% |
| Pennsylvania (PA) | 56 | $113.1M | 1.9% |
| Colorado (CO) | 96 | $113.0M | 3.2% |
| Kansas (KS) | 72 | $107.0M | 2.4% |
| New York (NY) | 64 | $105.4M | 2.1% |
| Washington (WA) | 56 | $99.8M | 1.9% |
| Ohio (OH) | 64 | $77.8M | 2.1% |
| Georgia (GA) | 40 | $73.8M | 1.3% |
| Virginia (VA) | 40 | $66.4M | 1.3% |
| Oregon (OR) | 56 | $62.2M | 1.9% |
| Minnesota (MN) | 40 | $50.2M | 1.3% |
| Wisconsin (WI) | 40 | $46.2M | 1.3% |
| Massachusetts (MA) | 40 | $46.0M | 1.3% |
| Arizona (AZ) | 48 | $44.3M | 1.6% |
| Iowa (IA) | 32 | $43.9M | 1.1% |
| Utah (UT) | 24 | $43.2M | 0.8% |
| Connecticut (CT) | 24 | $40.3M | 0.8% |
| Missouri (MO) | 32 | $33.6M | 1.1% |
| South Carolina (SC) | 24 | $29.1M | 0.8% |
| Nebraska (NE) | 48 | $28.4M | 1.6% |
| Tennessee (TN) | 32 | $26.3M | 1.1% |
| Maryland (MD) | 16 | $24.4M | 0.5% |
| Alabama (AL) | 16 | $24.2M | 0.5% |
| New Mexico (NM) | 16 | $16.6M | 0.5% |
| Oklahoma (OK) | 16 | $15.5M | 0.5% |
| Nevada (NV) | 8 | $13.7M | 0.3% |
| Hawaii (HI) | 16 | $9.7M | 0.5% |
| South Dakota (SD) | 8 | $7.7M | 0.3% |
| Montana (MT) | 8 | $7.1M | 0.3% |
| Kentucky (KY) | 8 | $4.9M | 0.3% |
| Louisiana (LA) | 8 | $4.9M | 0.3% |
| Delaware (DE) | 8 | $4.7M | 0.3% |
| New Hampshire (NH) | 8 | $3.0M | 0.3% |
| Alaska (AK) | 8 | $2.6M | 0.3% |
Why Choose LendingClub Bank, National Association?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 3,024 SBA loans approved, totaling $3.92B in financing
- ✓Industry Expertise: Specialized focus on Limited-Service Restaurants, Full-Service Restaurants, Fitness and Recreational Sports Centers
- ✓Competitive Terms: Average interest rate of 7.27% with flexible term lengths averaging 153 months
- ✓Loan Range: Loan sizes from $33K to $5.0M, with an average of $1.3M
- ✓Nationwide Reach: Active lending in 41 states, with strong presence in IL, TX, FL
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about LendingClub Bank, National Association SBA lending
What types of businesses does LendingClub Bank, National Association typically finance?
LendingClub Bank, National Association specializes in SBA 7(a) lending to specific industries including limited-service restaurants, full-service restaurants, fitness and recreational sports centers, all other personal services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are LendingClub Bank, National Association's typical SBA loan terms?
LendingClub Bank, National Association's SBA 7(a) loans typically feature an average interest rate of 7.27% and average term length of 153 months (approximately 13 years). Loan sizes range from $33K to $5.0M, with an average loan size of $1.3M.
Do I need a business valuation for a LendingClub Bank, National Association SBA loan?
Yes, LendingClub Bank, National Association typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does LendingClub Bank, National Association compare to other SBA lenders?
LendingClub Bank, National Association has originated 3,024 SBA loans totaling $3.92B since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does LendingClub Bank, National Association lend in?
LendingClub Bank, National Association provides SBA 7(a) financing with particularly strong presence in IL, TX, FL, CA, NJ. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
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